Its that time of year again, when residents get their DuPage Property tax bill for last year. Surprisingly, the actual DuPage property tax rate has decreased across most of DuPage county. However, home values have generally increased across many cities in DuPage county resulting in a counter-intuitive higher tax bill. While your tax rate is lower, its highly likely that your assessed value has increased. As a result of decreased foreclosure inventory over the past year or so, property values are stabilized or rising.

In prior years, I shared the formula for calculating DuPage Property Tax. In this article, in the last column, I am showing an example of what the tax bill would be in each city/township based on the 2015 tax rate and an assessed home market value of $250,000.